Actuary Jobs in Akron, OH
Actuary Salary in Akron
Actuary salaries in Akron are 15% below the national average, though the lower cost of living often provides similar purchasing power.
Purchasing power in Akron is comparable to the national average, with salaries appropriately scaled to local costs.
Required Skills
Actuary Job Market in Akron
Akron, OH is a specialized market with unique career opportunities for Actuary professionals. Though smaller than coastal metros, Akron offers focused opportunities and often better work-life balance. While Healthcare leads the local economy, there's growing demand for Actuary roles across various sectors. The market for Actuary positions remains stable, with opportunities in both established companies and growing organizations.
Top Companies Hiring Actuarys in Akron
Major employers hiring Actuarys in Akron include Regional banks, Credit unions, National financial services. Many companies offer competitive benefits including comprehensive healthcare, and professional development opportunities.
Cost of Living for Actuarys in Akron
Living in Akron as a Actuary means navigating a cost of living that's below the national average, making it an attractive option for budget-conscious professionals. Average rent for a 1-bedroom apartment is approximately $1,800/month. At median Actuary salary, housing is quite affordable at 20% of gross income, leaving room for savings and lifestyle spending. Suburban apartments average $1,400/month, offering significant savings with slightly longer commutes.
Commuting as a Actuary in Akron
Akron Limited public transit options; car recommended for most commutes. The average commute time is 25 minutes. Research employer-specific shuttle services. Consider living close to your workplace. Since transit options are limited, consider living close to your workplace or negotiating flexible hours to avoid peak traffic.
Best neighborhoods for Actuarys in Akron: Downtown (Central business district with tech companies); Tech Park/Campus (Suburban office park developments). Downtown is particularly popular among Actuary professionals due to proximity to major employers and urban amenities.
Tax Considerations in Ohio
Ohio has moderate state income taxes. When evaluating offers, consider total compensation including benefits, not just base salary. Local cost of living typically has more impact on your finances than state tax differences.
Career Outlook for Actuarys
The job outlook for Actuarys in Akron is stable. While not experiencing rapid growth, the field maintains steady demand with consistent opportunities for qualified professionals. While the market is smaller, Akron offers opportunities for those seeking specialized roles or better work-life balance. In-demand skills include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel.
Relocating to Akron
Akron's affordable cost of living means your Actuary salary will stretch further than in major coastal cities. Many professionals relocate here for better quality of life.
Frequently Asked Questions
What is the average Actuary salary in Akron, OH?
The average Actuary salary in Akron, OH is $106,250 per year. Entry-level Actuarys typically start around $65,025, while experienced professionals can earn $156,400 or more. The national average for Actuary roles is $125,000.
How many Actuary jobs are available in Akron?
Akron has a growing job market with steady opportunities for Actuary professionals. Major employers hiring Actuarys include Regional banks, Credit unions, National financial services. The Healthcare and Polymer sectors drive much of the demand in this market.
Is Akron a good city for Actuarys?
Akron is an solid choice for Actuarys. While not as large as coastal metros, it offers solid opportunities and often better work-life balance. The affordable cost of living means salaries go further than in more expensive markets. The city's healthcare industry creates strong demand for finance & accounting professionals.
What skills are most in-demand for Actuarys in Akron?
Top skills for Actuarys in Akron include Statistical Analysis, Risk Modeling, Financial Mathematics, Excel, Programming. Employers value both technical expertise and soft skills like communication and teamwork.
What is the cost of living for Actuarys in Akron?
Akron's cost of living is below the national average (85% of baseline). Average rent for a 1-bedroom apartment is approximately $1,800/month. Purchasing power in Akron is comparable to the national average, with salaries appropriately scaled to local costs.
How is the commute for Actuarys in Akron?
Akron Limited public transit options; car recommended for most commutes. The average commute is 25 minutes. Research employer-specific shuttle services.